By Michael Dabaie

 

Netflix Inc. said it would offer about $1 billion aggregate principal amount of U.S. dollar denominated and euro denominated senior unsecured notes in two series.

Netflix said it plans to use the proceeds for general corporate purposes, including content acquisitions, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic transactions.

Shares fell 1.8% to $426.03 premarket.

The interest rate, redemption provisions, maturity date and other terms will be determined by negotiations between Netflix and the initial purchasers.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

April 22, 2020 09:27 ET (13:27 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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